Business Economy


Carrier commences construction of Rs 863 Cr advanced chiller manufacturing facility

Vijayawada, May 6 (UNI) In a major boost to India’s advanced manufacturing and data centre infrastructure ecosystem, Carrier today commenced construction of its industrial-grade chiller manufacturing facility in Sri City with an investment of over Rs 863 crore.

The project is expected to create more than 721 direct jobs over 3,000 direct and indirect jobs, while significantly strengthening Andhra Pradesh’s emergence as a global hub for advanced HVAC manufacturing, engineering and innovation.

The ground-breaking ceremony was attended by Andhra Pradesh Minister for IT & Electronics Nara Lokesh along with David Gitlin, Chairman & Chief Executive Officer, Carrier Global, and Michael L Gierges, President, Climate Solutions Asia Pacific, Middle East & Africa.

The upcoming facility will manufacture high-capacity commercial HVAC chillers exceeding 1,500 TR (tons of refrigeration) in India and house 15 advanced testing and R&D laboratories, positioning Andhra Pradesh at the forefront of high-end industrial cooling systems.

The project marks another milestone in Andhra Pradesh’s larger strategy to move beyond attracting data centres toward building the full manufacturing ecosystem that powers the AI economy.

Carrier’s investment is expected to catalyze a broader supplier and component manufacturing network in Andhra Pradesh, accelerating the state’s “Make in India, Make for the World” vision.

Speaking on the occasion, Minister Nara Lokesh said: “Andhra Pradesh is building far more than data centres - we are building the entire ecosystem that powers the AI revolution. From cooling systems and electronics to advanced infrastructure manufacturing, our goal is to make Andhra Pradesh the data centre manufacturing capital of India.”

David Gitlin, Chairman & CEO, Carrier Global, said: “India is now Carrier’s fastest-growing major market globally. With strong economic growth, rapid digital infrastructure expansion and a supportive policy environment, this is the right place for our next phase of manufacturing growth.”

UNI DP SS
More News

Wheels India FY26 Net profit up at Rs 139 cr, Revenues cross Rs 5,000 cr milestone

15 May 2026 | 3:42 PM

Chennai, May 15 (UNI) On the back of an improvement in domestic demand and exports, the revenues of Wheels India Ltd., crossed
the milestone of Rs.5,000 crore in FY26.

see more..

Rupee breaches 96 mark, extends slide to fresh record low

15 May 2026 | 3:18 PM

New Delhi, May 15 (UNI) The Indian rupee breached the 96-mark against the US dollar on Friday, pressured by rising crude oil prices, escalating US-Iran tensions and continued strengthening of the American currency in global markets.

see more..

Fuel prices hike to add to inflation concerns, impact transportation costs

15 May 2026 | 12:22 PM

New Delhi, May 15 (UNI) The central government on Friday increased the retail selling prices of petrol and diesel, effective from Friday. The move is coming first in four years for retail consumers. Further, the price of CNG has also been raised by Rs 2.

see more..

Stock Market records gains amid easing volatility, Sensex up 790 pts

14 May 2026 | 6:12 PM

New Delhi, May 14 (UNI) The Indian Stock Market soared on Thursday easing volatility amid positive global market trends. At close, Sensex was 790 points, or 1.06%, higher at 75,398.72, while the Nifty 50 ended at 23,689.60, up 277 points, or 1.18%.

see more..

Amazon Bazaar records 5X growth in TN

14 May 2026 | 5:18 PM

Chennai, May 14 (UNI) Amazon.in on Thursday announced that Tamil Nadu has emerged as one of the fastest-growing States for Amazon Bazaar as orders from the State have increased 5X YoY, with the teeming megapolis of Chennai leading the charge with a 2X increase in new customer sign-ups.

see more..